Yellow Cake’s (YCA) “Buy” Rating Reaffirmed at Berenberg Bank

Yellow Cake (LON:YCA)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 712 ($8.86) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 50.66% from the company’s previous close.

Yellow Cake Price Performance

LON YCA traded down GBX 2.40 ($0.03) during trading hours on Tuesday, hitting GBX 472.60 ($5.88). The company had a trading volume of 2,073,284 shares, compared to its average volume of 2,195,328. The firm’s 50 day moving average is GBX 522.82 and its 200 day moving average is GBX 535.30. Yellow Cake has a fifty-two week low of GBX 461.80 ($5.75) and a fifty-two week high of GBX 749.50 ($9.33). The company has a market capitalization of £1.02 billion, a price-to-earnings ratio of 181.07 and a beta of 0.27.

Yellow Cake Company Profile

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.